parcade| Lianhua Supermarket (00980.HK): It plans to issue no more than 360 million new domestic shares to Bailian Group to raise approximately 360 million yuan

Gelonghui May 12 丨 Lianhua Supermarket (00980parcade.HK) announcedparcadeOn May 12, 2024, the company entered into a share subscription agreement with Bailian Group, and the company plans to issue no more than 3 shares to Bailian Group.parcade.60 million new domestic shares, at RMB 1.00 per new domestic share, a premium of approximately 249.37% to the closing price of approximately HK$0.315 per share of H shares per share reported on the Stock Exchange on the last trading day. It is expected to raise approximately 360 million yuan, with a net raise of approximately 358 million yuan, intended to be used for business ecological transformationparcade; and increase the company's general working capital.